Bbva Compass Bancshares Inc. lowered its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,676 shares of the financial services provider’s stock after selling 382 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Ameriprise Financial Services were worth $694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC raised its stake in shares of Ameriprise Financial Services by 284.0% in the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 230 shares during the period. Parallel Advisors LLC raised its stake in shares of Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 116 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 6 shares during the period. Sun Life Financial INC raised its stake in shares of Ameriprise Financial Services by 10,100.0% in the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,111 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in shares of Ameriprise Financial Services by 3.3% in the second quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 38 shares during the period. 80.10% of the stock is currently owned by institutional investors and hedge funds.

In other Ameriprise Financial Services news, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $161.01, for a total transaction of $282,411.54. Following the transaction, the chief operating officer now directly owns 14,697 shares in the company, valued at approximately $2,366,363.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman James M. Cracchiolo sold 39,450 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the transaction, the chairman now owns 260,887 shares in the company, valued at $37,698,171.50. The disclosure for this sale can be found here. Insiders sold a total of 56,136 shares of company stock worth $8,360,698 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on AMP. Barclays PLC reissued an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Morgan Stanley increased their target price on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Friday, September 1st. BidaskClub downgraded shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada set a $149.00 target price on shares of Ameriprise Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $154.20.

Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $159.59 on Friday. The company has a market cap of $23,608.15, a PE ratio of 13.57 and a beta of 1.92. Ameriprise Financial Services, Inc. has a 12 month low of $87.22 and a 12 month high of $163.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. analysts forecast that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio is presently 30.97%.

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About Ameriprise Financial Services

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Institutional Ownership by Quarter for Ameriprise Financial Services (NYSE:AMP)

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